StratPad business plan now integrates with Intuit’s QuickBooks Online
Are you using Intuit’s QuickBooks Online (QBO) to create invoices and do your bookkeeping? Are you an accountant or bookkeeper who uses QBO with your clients?
Any StratPad business plan file can now link to a QBO file in real-time. You’ll see up-to-the-second financial results graphed against your business plan’s projections including revenue, cost of goods sold, expenses, net income, cash, accounts receivable and accounts payable.
Regularly monitoring your progress against your plan is one of the best habits of success. It allows you to see issues in time to take appropriate action. And it allows you to see opportunities sooner and capitalize on them.
The StratPad/QBO integration has been carefully designed to support multiple connections. Every one of your StratPad plans can connect to a different QBO file. This lets an accountant, for example, support multiple clients.
You can also have multiple StratPad plans that connect to the same QBO file. This allows you to have multiple iterations of your business plan with each one connecting to your live QBO file.
The StratPad/QBO link is free to anyone with both a valid StratPad account AND a valid QBO account.
Connecting a StratPad plan to your QBO file is very easy:
2. Sign in to StratPad. NOTE: you can also click the “Sign in with Intuit” button, if you prefer.
3. From the “Edit Your Plan” menu (at the top right corner) select the plan you’d like to link to your QBO file.
4. Click on “Write Your Plan” in the left-side menu.
5. Click “About Your Company” in the left-side menu.
6. Click the “Connect to QuickBooks” button. You may have to sign in to QuickBooks if you haven’t already.
7. Select the QBO file you’d like to link to and then click the Authorize button.
Your business plan and your QBO file are now connected.
1. Click “Track Your Progress” on the left-hand menu.
2. Click on “Summary”.
3. Click the “Add Chart” button (at the bottom of the Summary screen).
4. In the Source field, scroll down to the “Projections” items and select one of the financial metrics (Revenue, Expenses, Cash, Net Income, etc.).
5. Change the title and colour if you wish.
6. Click the “Save Chart” button.
7. Select this chart from the left-hand menu.
8. The chart will appear and show projected values (if there are any). To connect this chart to QBO (rather than entering actual values manually):
a. Open the Chart Controls menu
b. Click the “Values” button
c. Click the “Link to QuickBooks” button
You’ll now see the actual values from your QBO file beside the projected values from your business plan. Every time you refresh this chart the values from QBO are also refreshed so you can be assured of having up-to-the-second values.